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This research extends simple two-sector models in order to inquire the impact of the extent of coverage or enforcement of minimum wage legislation in one of the sectors on the equilibrium outcome. Two versions of institutional wage avoidance are presented. They may be seen as representing...
Persistent link: https://www.econbiz.de/10011524841
This research extends simple two-sector models in order to inquire the impact of the extent of coverage or enforcement of minimum wage legislation in one of the sectors on the equilibrium outcome. Two versions of institutional wage avoidance are presented. They may be seen as representing...
Persistent link: https://www.econbiz.de/10011524877
In this paper we present and confront the main comparative static results - effects of labor supply, demand and institutional wage movements - of the (a) basic two-sector model in six different scenarios: free market; partial (one-sector) coverage with perfect intersector mobility; partial...
Persistent link: https://www.econbiz.de/10010461371
In this paper we present and confront the expected outcome of an increase in risk on the regional or sectoral … (Bhagwati-Hamada).Importance of convexity of local labor demands was invariably recognized. A localized increase in risk does … not always repel the labor force in the long-run. This statement would hold even if individuals were not risk-neutral, as …
Persistent link: https://www.econbiz.de/10013021676
This research extends simple two-sector models in order to inquire the impact of the extent of coverage or enforcement of minimum wage legislation in one of the sectors on the equilibrium outcome. Two versions of institutional wage avoidance are presented. They may be seen as representing...
Persistent link: https://www.econbiz.de/10011496152
This research extends simple two-sector models in order to inquire the impact of the extent of coverage or enforcement of minimum wage legislation in one of the sectors on the equilibrium outcome. Two versions of institutional wage avoidance are presented. They may be seen as representing...
Persistent link: https://www.econbiz.de/10011496163
This research extends simple two-sector models in order to inquire the impact of the extent of coverage or enforcement of minimum wage legislation in one of the sectors on the equilibrium outcome. Two versions of institutional wage avoidance are presented. They may be seen as representing...
Persistent link: https://www.econbiz.de/10008917766
This research extends simple two-sector models in order to inquire the impact of the extent of coverage or enforcement of minimum wage legislation in one of the sectors on the equilibrium outcome. Two versions of institutional wage avoidance are presented. They may be seen as representing...
Persistent link: https://www.econbiz.de/10009371237
This research extends simple two-sector models in order to inquire the impact of the extent of coverage or enforcement of minimum wage legislation in one of the sectors on the equilibrium outcome. Two versions of institutional wage avoidance are presented. They may be seen as representing...
Persistent link: https://www.econbiz.de/10009371242
In this paper we present and confront the expected outcome of an increase in risk on the regional or sectoral … (Bhagwati-Hamada). Importance of convexity of local labor demands was invariably recognized. A localized increase in risk does … not always repel the labor force in the long-run. This statement would hold even if individuals were not risk-neutral, as …
Persistent link: https://www.econbiz.de/10011859369